The company was founded in 2016 by Dan Low, M.D., an attending anesthesiologist at Seattle Children’s Hospital and associate professor at the University of Washington School of Medicine. He created the company because he grew frustrated with physicians’ lack of visibility across patient outcomes.
MDmetrix said its technology empowers medical leaders and frontline clinicians to access and understand outcomes performance data across patients, providers, protocol and facilities, enabling clinicians to improve patient care and to surface cost and revenue opportunities.
The company said that over the past year it has uncovered over $15 million in financial benefits for its partners, and has rolled out department-specific specialty modules as well as a clinical operations control center enabling users to continuously improve and monitor performance.
“At Seattle Children’s, we’ve used MDmetrix’s solutions to improve care for thousands of our patients,” said Sanjay Parikh, M.D., medical director of Surgical Services at Seattle Children’s Bellevue Clinic and Surgery Center, in a prepared statement. “We are now using MDmetrix’s ClinOps Control Center to measure and enhance many aspects of our clinical operations, from patient safety to OR efficiency, leading to care improvements, substantial cost savings and capacity to serve more patients.
In September 2018, MDmetrix named former Caradigm co-founder and COO Warren Ratliff its president and chief executive officer. He has held executive positions in companies such as McKesson Provider Technologies, GE Healthcare, and Caradigm. At McKesson, Ratliff revamped the company’s sales and services processes. At GE, Ratliff helped develop new software products for health systems, while turning around operations for legacy GE businesses. Most recently, Ratliff led the acquisition and integration of seven healthcare software businesses to form Caradigm.
The funding round was led by Founders’ Co-op and included Arnold Venture Group and WRF Capital. “With this infusion of smart and experienced capital, we will expand our team and enhance the machine learning capabilities of our system, accelerating our mission of transforming healthcare for all,” Ratliff said in a statement.
